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9 October, 14:27

Explain the rule of marginal

utility and how it works in real life.

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Answers (2)
  1. 9 October, 15:41
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    In economics, the law of diminishing marginal utility states that the marginal utility of a good or service declines as its available supply increases. Economic actors devote each successive unit of the good or service towards less and less valued ends.
  2. 9 October, 16:06
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    Answer:In economics, the law of diminishing marginal utility states that the marginal utility of a good or service declines as its available supply increases. Economic actors devote each successive unit of the good or service towards less and less valued ends
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